Page 2307 - Economy & Policy News
Iron ore exports tumble 32% in Apr-Feb on weak demand, steep export duty
Exports of iron ore pellets, too, declined 7 per cent in April-January period of last fiscal due to uncertainty in winter output cuts in China and weak inquiries from the non-Chinese markets
 "Iron ore exports tumble 32% in Apr-Feb on weak demand, steep export duty")
Bimal Jalan panel on RBI capital reserves to submit report shortly: Das
The six-member committee was appointed after Prime Minister Narendra Modi's government insisted on a new policy for reserves held by the RBI and the distribution of dividends.
 "Bimal Jalan panel on RBI capital reserves to submit report shortly: Das")
Renewable energy capacity addition tumbles 49% during Apr-Feb period
Though tariffs for both, solar and wind power, fell to historic lows of Rs 2.44 per unit, the lack of clarity in policies for the renewable energy sector affected fresh capacity addition
 "Renewable energy capacity addition tumbles 49% during Apr-Feb period")
Fitch retains India's credit rating at 'BBB-' with a 'stable outlook'
The rating agency said India's economy is expected to grow at 6.8% in the financial year ending March 2020
 "Fitch retains India's credit rating at 'BBB-' with a 'stable outlook'")
8.8 million taxpayers didn't file returns in demonetisation year: Report
There are several reasons that could have led to the spike in stop filers. The two main reasons could be - job loss and drop in income
 "8.8 million taxpayers didn't file returns in demonetisation year: Report")
Microsoft to help Railways connect employees with healthcare services
Microsoft had launched Kaizala - a productivity app - designed for the Indian market to enable large group communications and work management
 "Microsoft to help Railways connect employees with healthcare services")
India-US free trade agreement key to ending dispute, says advocacy group
Trump has repeatedly claimed that India is a 'tariff king' and imposes 'tremendously high' tariffs on American products
 "India-US free trade agreement key to ending dispute, says advocacy group")
Explained: Reasons why RBI cut its retail inflation forecast for 2019
Beyond the near term, several uncertainties cloud the inflation outlook, said RBI
 "Explained: Reasons why RBI cut its retail inflation forecast for 2019")
Full text: RBI cuts repo rate to 6%, cuts GDP forecast for FY20 to 7.2%
RBI cut its benchmark interest rate by 25 basis points, in a widely expected move to boost the economy
 "Full text: RBI cuts repo rate to 6%, cuts GDP forecast for FY20 to 7.2%")
Trump slams India, calls it one of the highest taxing nations in the world
Trump has repeatedly claimed that India is a 'tariff king' and imposes 'tremendously high' tariffs on American products
 "Trump slams India, calls it one of the highest taxing nations in the world")
India's services PMI dips to six-month low of 52.0 in March on weak demand
The index change was partly caused by waning new business growth, with further increases to output prices perhaps contributing to the slide'
 "India's services PMI dips to six-month low of 52.0 in March on weak demand")
Poll says politics, monetary policy easing to hurt rupee, may cross 70/$
In the latest survey of nearly 50 strategists, taken April 1-3, the rupee was forecast to weaken about 3 percent over the next year to 70.38
 "Poll says politics, monetary policy easing to hurt rupee, may cross 70/$")
Business as usual no longer an option for the energy industry: ABB's Nuguri
Nuguri said the world is moving to new and varied sources of renewable energy and ABB is working towards a low-carbon sustainable-energy future from fossil fuels.
 "Business as usual no longer an option for the energy industry: ABB's Nuguri")
US 'clamoring for avocados' after Trump's threat to shut Mexico border
Fearing that a border lockdown would prevent Mexico from shipping the 80 percent of avocados that the United States consumes, processors and wholesalers have started stockpiling the prized fruit
 "US 'clamoring for avocados' after Trump's threat to shut Mexico border")
Govt in damage control mode after SC verdict, Sec 35 may be invoked
Section 35AA empowers the central government to authorise the RBI "for issuing directions to banking companies to initiate insolvency resolution process"
Sugarcane turns bitter for ruling BJP ahead of crucial Lok Sabha polls
While the opposition has been sharpening attacks on the state govt over mounting sugarcane arrears, the chief minister has been claiming credit for ensuring total sugarcane payments worth Rs 58,000 cr
 "Sugarcane turns bitter for ruling BJP ahead of crucial Lok Sabha polls")
Indian Railways receives boost from govt to finance strategic projects
The railways had already used 80 per cent of its budgetary support by mid-March
 "Indian Railways receives boost from govt to finance strategic projects")
Will there be another rate cut at RBI's Monetary Policy Committee meeting?
A rate cut weakens the rupee as foreign funds reduce their investments, but the flows have been strong and the central bank, encouraging the RBI to continue with its dollar swaps again in April
Investments in 2019: A Snapshot of PE activity and deals in charts
Banks were the second, attracting $1,201.2 million (17.06%) across 209 deals in 2019
 "Investments in 2019: A Snapshot of PE activity and deals in charts")
Below-normal monsoon likely this year, El Nino effect to blame: Skymet
According to Skymet, June and July will have less rains
 "Below-normal monsoon likely this year, El Nino effect to blame: Skymet")